| Jun'19 | Jun'18 | Jun'17 | ||||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net income | ||||||
1,643 | 2,228 | 1,409 | ||||
Adjustments to reconcile net income to cash provided by operating activities | ||||||
Depreciation and amortization | ||||||
212 | 171 | 169 | ||||
Amortization of cable distribution investments | ||||||
38 | 53 | 57 | ||||
Impairment and restructuring charges | ||||||
26 | 16 | 165 | ||||
Equity-based compensation | ||||||
36 | 0 | 0 | ||||
Other, net | ||||||
-19 | -39 | -131 | ||||
Deferred income taxes | ||||||
386 | -603 | 92 | ||||
Change in operating assets and liabilities, net of acquisitions and dispositions | ||||||
Receivables and other assets | ||||||
166 | 166 | 172 | ||||
Inventories net of program rights payable | ||||||
-197 | 228 | -21 | ||||
Accounts payable and other liabilities | ||||||
133 | -193 | -217 | ||||
Net cash provided by operating activities | ||||||
2,524 | 1,317 | 1,655 | ||||
INVESTING ACTIVITIES | ||||||
Property, plant and equipment | ||||||
235 | 215 | 191 | ||||
Proceeds from the relinquishment of spectrum | ||||||
0 | 354 | 0 | ||||
Purchase of investments | ||||||
338 | 0 | 13 | ||||
Other investing activities, net | ||||||
64 | 11 | 38 | ||||
Net cash used in investing activities | ||||||
-637 | 128 | -242 | ||||
FINANCING ACTIVITIES | ||||||
Borrowings | ||||||
6,750 | 0 | 0 | ||||
Net transfers to Twenty-First Century Fox, Inc. | ||||||
-1,233 | 1,113 | -1,395 | ||||
Net dividend paid to Twenty-First Century Fox, Inc. | ||||||
6,500 | 0 | 0 | ||||
Dividends paid and distributions | ||||||
188 | 41 | 35 | ||||
Other financing activities, net | ||||||
18 | -36 | -1 | ||||
Net cash used in financing activities | ||||||
-1,153 | 1,036 | -1,431 | ||||
Net (decrease) increase in cash and cash equivalents | ||||||
734 | 2,481 | -18 | ||||